Orlando Short Sales:Don’t Stress Out Over Financial Problems

If you are in financial trouble, then I’m sure you’re worried. Here are a few things I see people worry about that aren’t as bad as they think.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Financial Worry #1: We could be forced to move out of our house at moment’s notice. If you own your house, then I have some good news.
Most lenders are taking 6-12 months to file foreclosure. The debt collectors don’t always tell you the truth. Many get paid bonuses based on how much they collect. That encourages them to stretch the truth.
They might tell you the foreclosure is going to filed next month. Yes, even if it’s not true. Here is the other good news. It can take months for a foreclosure to go thru.
The court system is bogged down. Judges are busy. The foreclosure lawyers are busy. This means it takes a long time for a lender to foreclosure.
Financial Worry #2: I owe someone money. They could get a judgment against me and take away everything. Yes, they might very well be able to get a judgment against you.
However, many judges are dismissing these cases. You can’t squeeze water out of a stone. You can’t squeeze money from someone who doesn’t have it.
Even if someone gets a judgment, they still have to collect it. Collecting on judgments is hard. That is why around 80% of all judgments are never paid off.
Even if they garnish your wages, many states have exemptions. You can contest the garnishment. You can file that you have children or a family to take care of.
Or, you have absolutely necessary bills (such as a car payment for a car to drive to work). You then show you aren’t making enough money to pay the garnishment. The judge will often cancel the garnishment.
Financial Worry #3: A debt collector will take my dog, car, or garnish my wages. I remember hearing a caller on a national talk show. A debt collector had threatened to take away her dog.
She was scared they were going to. Here is the problem. Debt collection employees will use all kinds of threats. The problem is there are federal laws in place to protect the public.
These laws are called the Fair Debt Collection Practices Act. Threatening to take someone’s dog is illegal. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at tom.mack@exprealty.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 407-359-2220
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.